Business
US bonds gain value as crude oil costs drop and trust in central bank grows
Reported by Tanvi Pillai (Section Editor) · Economic Times - Markets ·
✓ — also reported by Livemint - Markets
Representative image · Wikimedia CommonsUS Treasury yields dropped as oil prices fell and trust in the Federal Reserve's fight against inflation grew, bringing relief to the bond market. The 10-year yield fell to 4.95 percent, which ended a streak of eight days of increases. At the same time, market investors thought about the chance of more interest rate hikes following the recent decision by the Fed.
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